The U.S. market seems edgy, despite tonnage gradually disappearing and more requirements surfacing. European coastal markets are satisfactory, but deep sea is still too slow. Asia has been quieter this week. U.S. Gulf There are one or two subtle signs appearing that suggest the long period of gloom may be close to lifting in the U.S. Gulf. There is, however, a saying that it takes more than one swallow to make a summer, and a lot will depend upon how the next week pans out. Essentially, demand f...

A Frost & Sullivan analysis projects global lubricant additives revenue to grow 38.2 percent from $11.8 billion in 2013 to $16.3 billion in 2020, with deposit control additives showing the fastest growth. Deposit control additives comprise the largest lubricant additives segment in terms of revenue, a 51.7 percent share, and is projected to grow the fastest, with a 5 percent compound annual growth rate, according to Raghu Tantry, Frost & Sullivans principal chemicals and materials cons...

Calumet Specialty Products Partners reported a net loss for the second quarter, while Clean Harbors made more money off rerefined and blended products, both compared to the second quarter of 2013. Calumet Calumet Specialty Products Partners second quarter concluded with a net loss of $8.3 million, the company reported – a decline from 2013s second quarter net income of $7.8 million. The Indianapolis, Ind.-based specialty hydrocarbons producer reported $1.4 billion in fuels and specialty pr...

Lanxess new Rhein Chemie Additives business unit will launch effective Jan. 1, combining its Rhein Chemie and functional chemicals business units with the specialty chemicals products line of Lanxess rubber chemicals business unit. A letter to Rhein Chemies customers and business partners said the new Rhein Chemie Additives unit will operate under the Rhein Chemie brand and will comprise four additives business lines: lubricant, rubber, colorant and plastic. The company stated in the letter that...

Lukoils production of base oils and lubricants combined fell 8 percent last year compared to 2012, but it still captured 48 percent of the combined market in Russia, according to the companys recently published annual performance report. The company said it produced more than 1.1 million metric tons of base oils and lubricants combined, down from its 2012 output that reached 1.2 million tons. Last year Lukoil produced 1.05 million tons of base oils at its three base oil plants in the Perm, Nizhn...

Total and Kia signed a long-term lubricants supply deal for the Korean automakers car dealer network in Russia. Under the five-year agreement, Total Vostok, the French oil majors Russia subsidiary, will supply Kia Motors Rus car dealer services network with Total Quartz-branded automotive lubricants. Total becomes the recommended partner for sale of lubricants to Kia. Kia after sale service support in Russia will use our high-performance products such as Total Quartz 9000 Energy HKS 5W-30 motor ...